SOUTH32 LTD/S (OTCMKTS:SOUHY)’s stock price shot up 1.9% during mid-day trading on Wednesday . The company traded as high as $9.25 and last traded at $9.20, 75,006 shares traded hands during mid-day trading. An increase of 31% from the average session volume of 57,057 shares. The stock had previously closed at $9.03.
A number of brokerages have recently issued reports on SOUHY. Zacks Investment Research raised SOUTH32 LTD/S from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Thursday. ValuEngine raised SOUTH32 LTD/S from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $10.00.
The stock has a 50 day moving average price of $8.98 and a 200-day moving average price of $9.70.
South32 Limited operates as a diversified metals and mining company primarily in Australia, Southern Africa, and South America. The company has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, laterite ferronickel, silver, lead, and zinc.
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